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Spot rubber prices recovered partially on Friday following the Kerala Government orders to procure rubber at ₹5 above the Rubber Board price to protect growers. Rubber Mark and Market Fed will procure RSS 4 and RSS 5 grades.
RSS 4 improved to ₹120(119) a kg, according to traders and the Rubber Board. The grade was quoted firm at ₹117 (116) a kg by dealers.
The November futures recovered to ₹121.00 (118.63), December to ₹118.37 (116.26) and January to ₹119.21 (116.83) per kg on National Multi Commodity Exchange).
RSS 3 (spot) bounced back to ₹101.07 (99.43) per kg at Bangkok. The November futures improved to ¥189.9 (₹101.68) from ¥184.0 per kg during the day session and then to ¥190.3 (₹101.89) per kg in the night session on Tokyo Commodity Exchange (TOCOM). The spot rubber rates (₹/ kg) were: RSS-4: 120 (119) RSS-5: 113 (111) Ungraded: 107 (106), ISNR 20: 107 (107) and Latex (60% drc): 78 (78).
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